Revenue in the second quarter of 2012 increased sequentially and
year-over-year on improving conditions and operational execution in the
company's semiconductor business, and stronger execution in a difficult
environment in its solar energy business. Revenue in the company's
Semiconductor Materials business grew sequentially driven by higher
volume but declined year-over-year due to price erosion and lower
volume. Solar Energy revenue rose sequentially and year over year on
higher solar project sales. For the second quarter of 2012, SunEdison
recognized non-GAAP revenue on 169 MW of solar energy systems sales,
compared to 49 MW in the 2012 first quarter and 28 MW in the 2011 second
quarter. Despite these increased solar energy systems sales,
SunEdison's project pipeline remained flat at 2.9 GW.About MEMC
MEMC is a global leader in semiconductor and solar technology. MEMC
has been a pioneer in the design and development of silicon wafer
technologies for over 50 years. With R&D and manufacturing
facilities in the U.S., Europe, and Asia, MEMC enables the next
generation of high performance semiconductor devices and solar cells.
Through its SunEdison subsidiary, MEMC is also a developer of solar
power projects and a worldwide leader in solar energy services. MEMC's
common stock is listed on the New York Stock Exchange under the symbol
"WFR." For more information about MEMC, please visit www.memc.com.Research more cleantech stocks on global stock exchanges -and up to 1400 at Investorideas.com renewable energy stocks stock directory About Investorideas.com - a leader in cleantech investor research www.Investorideas.com
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